What are my repayment options?

In California, there are several options for repaying student loan debt. If you have federal loans, you can look into enrolling in an income-driven repayment plan, which would reduce your monthly payments based on your income level. Alternatively, you could also look into consolidating your loans and extending the loan period to reduce payments. If you have private loans, you should check with your lender as they may have their own repayment plans or options. Some lenders may offer extended repayment plans, or they may allow you to combine loans. You could also look into refinancing your loan to a lower interest rate, which can help lower your monthly payments. Lastly, you could explore the possibility of loan forgiveness. This is when the loan is essentially written off if you work in a certain field or for a certain public service organization. No matter what, it is important to make sure you are making your minimum payments on time to avoid any fees or penalties. It’s also a good idea to compare different repayment options and plan ahead so you can best manage your finances.

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What are my repayment options?

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